10-Q Filing

NUKKLEUS INC. CIK: 1787518 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-052518`
Period End Date	20210630
Filing Date	20211013
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	f10q0621_brilliantacq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 26 Cash Flow Statement 49 Stockholders Equity 30

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	4.60M	shares	Point-in-time
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	4.60M	shares	Point-in-time
Current assets cash	`Cash`	$626.94K	USD	Point-in-time
Ordinary shares subject to possible redemption value (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Ordinary shares subject to possible redemption value (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Current assets cash	`Cash`	$712.82K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.60K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.25K	USD	Point-in-time
Escrow account receivable	`AccountsReceivableNetCurrent`	$460.00K	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	$46.00M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	$46.01M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Assets	`Assets`	$47.11M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Assets	`Assets`	$46.73M	USD	Point-in-time
Ordinary stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Ordinary stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$25.94K	USD	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.15M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$53.69K	USD	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.15M	shares	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$58.25K	USD	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$58.25K	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$243.83K	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$703.83K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$815.78K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$328.03K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$247.63K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$184.67K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$575.66K	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares subject to possible redemption, 4,600,000 shares at redemption value of $10	`TemporaryEquityCarryingAmountAttributableToParent`	$46.00M	USD	Point-in-time
Ordinary shares subject to possible redemption, 4,600,000 shares at redemption value of $10	`TemporaryEquityCarryingAmountAttributableToParent`	$46.00M	USD	Point-in-time
Preferred shares, no par value; unlimited shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, no par value; unlimited shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Ordinary shares, no par value; unlimited shares authorized; 1,511,000 and 1,150,000 shares issued and outstanding (excluding 4,600,000 shares subject to possible redemption)	`CommonStockValue`	$3.88M	USD	Point-in-time
Ordinary shares, no par value; unlimited shares authorized; 1,511,000 and 1,150,000 shares issued and outstanding (excluding 4,600,000 shares subject to possible redemption)	`CommonStockValue`	$3.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.77M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$134.44K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$4.21K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$472.49K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$113.09K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$154.81K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$4.34K	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$46.73M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$47.11M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingCostsAndExpenses`	$28.57K	USD	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$106.98K	USD	2 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$164.00	USD	2 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$40.00	USD	1 Quarter
Loss from operations	`OperatingExpenses`	$40.00	USD	1 Quarter
Loss from operations	`OperatingExpenses`	$28.57K	USD	1 Quarter
Loss from operations	`OperatingExpenses`	$164.00	USD	2 Qtrs
Loss from operations	`OperatingExpenses`	$106.98K	USD	2 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-6.07K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-62.97K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$107.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$1.16K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$107.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$2.29K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-41.72K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-21.34K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$67.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-57.00	USD	2 Qtrs
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	1.36M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	6.11M	shares	2 Qtrs
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	6.11M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	1.25M	shares	2 Qtrs
Basic and diluted net income (loss) per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	-	USD	1 Quarter
Basic and diluted net income (loss) per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	$-0.01	USD	2 Qtrs
Basic and diluted net income (loss) per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	-	USD	1 Quarter
Basic and diluted net income (loss) per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	-	USD	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-41.72K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-21.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$67.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.00	USD	2 Qtrs
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-62.97K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$-2.29K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$-107.00	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.64K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.75K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-427.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-85.88K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-581.00	USD	2 Qtrs
Investment of cash in Trust Account	`InvestmentOfCashInTrustAccount`	$-46.00M	USD	2 Qtrs
Investment of cash in Trust Account	`InvestmentOfCashInTrustAccount`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from sale of ordinary share, net of underwriting discounts paid	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from sale of ordinary share, net of underwriting discounts paid	`ProceedsFromIssuanceOfCommonStock`	$44.39M	USD	2 Qtrs
Proceeds from sale Private Units	`ProceedsFromIssuanceOfPrivatePlacement`	$2.61M	USD	2 Qtrs
Proceeds from sale Private Units	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	2 Qtrs
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	2 Qtrs
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$228.46K	USD	2 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$62.00K	USD	2 Qtrs
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.83M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$832.96K	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-85.88K	USD	2 Qtrs
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$860.65K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.70K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$626.94K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$860.65K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.70K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$626.94K	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$69.69K	USD	2 Qtrs
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	-	USD	2 Qtrs
Initial classification of ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	-	USD	2 Qtrs
Initial classification of ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	$42.61M	USD	2 Qtrs
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	$3.39M	USD	2 Qtrs
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	-	USD	2 Qtrs
Issuance of Representative Shares	`IssuanceOfRepresentativeShares`	-	USD	2 Qtrs
Issuance of Representative Shares	`IssuanceOfRepresentativeShares`	$2.21K	USD	2 Qtrs
Collection of related party promissory note into escrow account	`CollectionOfRelatedPartyPromissoryNoteIntoEscrowAccount`	$460.00K	USD	2 Qtrs
Collection of related party promissory note into escrow account	`CollectionOfRelatedPartyPromissoryNoteIntoEscrowAccount`	-	USD	2 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Net of underwriting discounts and offering expenses	`NetOfUnderwritingDiscountsAndOfferingExpenses`	4.60M	shares	2 Qtrs
Net of underwriting discounts and offering expenses	`NetOfUnderwritingDiscountsAndOfferingExpenses`	4.60M	shares	1 Quarter
Sale of private units	`SaleOfPrivateUnits`	261,000.00	shares	1 Quarter
Sale of private units	`SaleOfPrivateUnits`	261,000.00	shares	2 Qtrs
Balance beginning	`StockholdersEquity`	$134.44K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$4.21K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$472.49K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$113.09K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$154.81K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$4.34K	USD	Point-in-time
Sale of 4,600,000 Units, net of underwriting discounts and offering expenses	`StockIssuedDuringPeriodValueOfsleOfNetOfUnderwritingDiscountsAndOfferingExpenses`	$43.93M	USD	1 Quarter
Sale of 4,600,000 Units, net of underwriting discounts and offering expenses	`StockIssuedDuringPeriodValueOfsleOfNetOfUnderwritingDiscountsAndOfferingExpenses`	$43.93M	USD	2 Qtrs
Sale of 261,000 Private Units	`StockIssuedDuringPeriodValueOfSaleOfPrivateUnits`	$2.61M	USD	1 Quarter
Sale of 261,000 Private Units	`StockIssuedDuringPeriodValueOfSaleOfPrivateUnits`	$2.61M	USD	2 Qtrs
Issuance of Representative Shares	`StockIssuedDuringPeriodValueOther`	$2.21K	USD	2 Qtrs
Issuance of Representative Shares	`StockIssuedDuringPeriodValueOther`	$2.21K	USD	1 Quarter
Ordinary shares subject to possible redemption	`OrdinarySharesSubjectToPossibleRedemption`	$46.00M	USD	2 Qtrs
Ordinary shares subject to possible redemption	`OrdinarySharesSubjectToPossibleRedemption`	$46.00M	USD	1 Quarter
Excess of cash received over fair value of private warrants	`StockIssuedDuringPeriodValueFairValueOfPrivateWarrants`	$-74.85K	USD	2 Qtrs
Excess of cash received over fair value of private warrants	`StockIssuedDuringPeriodValueFairValueOfPrivateWarrants`	$-74.85K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-41.72K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-21.34K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$67.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-57.00	USD	2 Qtrs
Balance ending	`StockholdersEquity`	$134.44K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$4.21K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$472.49K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$113.09K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$154.81K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$4.34K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.